Prime site to be redeveloped
VERO BEACH, Fla. – Grover Corlew, a Florida-based real estate investment management group focused on acquiring, developing and operating office, retail and multi-family properties across the Southeast U.S., has acquired 3.46 acres at U.S. 1 and 12th Street in Vero Beach.
The now vacant Vatland auto dealership on the site will be cleared away for the development of a Wawa convenience and gas facility, along with up to two additional free-standing retail operators.
“This is a prime commercial parcel for redevelopment,” said Grover Corlew Partner Anuj Grover. “Indian River County and the stretch of land on U.S. 1 between 20th Street and 8th Street are ripe for revitalization. We are targeting companies that will bring value to residents and the community and are excited about the prospects we are in touch with.”
The Grover Corlew team has significant development experience and utilizes this expertise to harvest value creation opportunities both through new construction and renovation.
“We acquire and develop properties with unique and intrinsic long-term value potential,” added Grover. “This property fits right in with that mandate.”
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About Grover Corlew
Led by experienced real estate veterans who have worked together since 2002 and who have more than 40 years of combined industry experience, Grover Corlew is a real estate investment management group focused on acquiring, developing and operating office, retail and multi-family properties across the Southeast U.S. Grover Corlew has offices in South Florida, Orlando and Atlanta and provides in-house asset management and property management services. The company is also an active developer with in-house development expertise as well as strategic relationships with tenants and local developers throughout the Southeast U.S.
